How much is Lori Greiner worth?
|Net Worth:||$160 Million|
|Date of Birth:||December 9, 1969|
|Country:||United States of America|
Who Is Lori Greiner
Lori Greiner is an entrepreneur, philanthropist, inventor, and self-made woman who is often referred to as the queen of QVC’ or the warm Blooded Shark.’ According to her website, she has over 120 patents and has 700 products. She is an Emmy and a Critics Association award winner for her role on the television reality show, Shark Tank. She has been recognized by the Paley Center as one of the most important Women in Television. She has published a National Best selling book entitled, Invent it, Sell it, Bank it!: Make your Million Dollar Idea into a Reality.’ This book was one of Amazon’s top ten business books and Wall Street Journal’s top business books in 2014.
She is also known for her famous QVC series, Clever and Unique Creations’ and ABC’s, Beyond the Tank.’ She is considered one of the greatest inventors of all time. She acquired her entrepreneurial skills from her parents. Her father was a real estate developer and her mom was a psychologist in Chicago. Both had their own businesses.
Greiner was born Lori Husman on December 9, 1969. She was born, raised, and continues to live in Chicago, Illinois. She went to Loyola University and studied journalism communications, television and film. She met her husband, Daniel Greiner, at a Chicago bar named Kincaide. He was an assistant controller for Bell and Howell, but he left his job and has been the CFO of his wife’s company, For Your Ease Only, Inc. They were married in 2010.
We calculate power-woman Lori Greiner has a net worth of $160 million dollars, as of 2020.
How did Lori Greiner get so rich?
Greiner’s career became successful almost at the time of conception. She got a $300,000 loan and was able to pay it back within the first year. Her jewelry organizer business generated a million dollars its first year. QVC first rejected her earring organizer. She, then, took it to HSN which is where she first tasted true success.
During Shark Tank, Greiner has invested nearly $10 million on the air. She has a 20% rate of investment and has made the largest deal at $600,000 in Rufflebutts and Ruggedbutts for 9% of the business in season five.
Greiner also has a huge following with her Instagram account. She hosts a weekly show entitled, Bed Talks with Lori.’ She utilizes her platforms to reach as many as she can. She also has a Facebook and twitter account with millions of followers. She has been featured on many magazine covers, including Inspired, Success and Parade. She dips her feet in wherever there are trends. She stays current at all times and is always willing to learn. These are skills she has learned over the years building her fortune. Traits that inspire others to display their entrepreneurial creativeness, by starting a business.
Why is she so famous?
Greiner started her career when she finished her education at Loyola University. Her first patent was a plastic earring organizer that could hold 100 pairs of earrings. JCPenney picked up her prototype and she was instantly a success in the stores. She has a natural instinct for what people need and like.
It was her joining as a “Shark” however that caused Lori Greiner to become world famous. She joined Shark Tank during their third season, alongside Mark Cuban, Daymond John and Mr Wonderful. She was supposed to be on the first season, but her mother passed away and was not able to rejoin for a couple more seasons. She has over $1 billion in retail sales and invests regularly on businesses on the show.
Some of her biggest investments have included Scrub Daddy, Squatty Potty, Simply Fit Board, Fiber Fix, CordaRoy’s Beanbag Beds, Everly Well, and Sleep Styler.
Scrub Daddy, a household sponge was a turning point in her career. It was the highest grossing product on Shark Tank and has made over $100 million. The company is currently valued at over $150 million. Bed, Bath and Beyond picked up Scrub Daddy and is one of the many American and international stores that carry Greiner’s products.
QVC and HSN are huge contributors to her success. She started on QVC in 2000 with For Your Ease Only, Inc. ‘s, Clever and Unique Creations which is one of the longest running shows on the network.
What makes her so successful?
Greiner is known for her hands-on approach. She doesn’t mind getting her hands dirty and works closely with all of her investments. This side-by-side approach contributes to her success. She is known as a visionary and has a natural gift for taking a product from conception to market. Her no-nonsense “Hero or Zero,” approach allows her to have a very high success rate when it comes to investing.
Another amazing attribute that has contributed to her success is her philanthropy. She has partnered with Charitybuzz and raised money for The Trevor Project, CASA for children, Chicago Police Memorial Foundation, Kind Campaign and many other organizations. She also donates to humanitarian organizations such as Salvation Army and Habitat for Humanity.
Greiner has the compassion to bring others with her in her success. Her heart, compassion and drive teaches others to become their own entrepreneur. She is a motivational speaker and helps many fulfill their dreams. She also speaks for high profile companies. Her best-selling book, Invent It, Sell It, Bank It!, is an inside look at how she sees the world. This book teaches how to achieve financial freedom, become your own boss and how to turn ideas into reality.
Lori Greiner is one of the hardest working women in American and international business. She is tenacious and willing to do whatever it takes to grow and make connections. She is not afraid to spend money in order to make money, but her natural instinct for success has seen her investments earn a return.
She has a genuine joy in helping others learn, grow and reach their full potential. She also loves giving back. If someone needs help in business or in life, she is there to offer the tools they need. She does not keep her knowledge to herself, she’s published books, given seminars and often shares her wisdom on Shark Tank. She is willing to help anyone achieve their dreams and be as successful as she has become. Her heart and passion have driven her success since the beginning.
Greiner is also persistent, consistent and full of energy. She is laid back, but full of fire. She still continues to sell jewelry boxes and cosmetic organizers. She sells home and travel products and many more from ideas that she came up with on her own. She also has products in electronics and storage. At 50, she is not close to being done. Some would say, she is just getting started.